The Reserve Bank of India (RBI) on September 3, 2019 has constituted a task-force to facilitate development of secondary market in corporate loans, thereby designing market structure for loans, sales and auctions, which includes online platforms and the related trading and transaction reporting infrastructure. The task force is headed under the chairmanship of Shri T. N. Manoharan, Chairman of Canara Bank. The said task-force has submitted its recommendations to the Governor. The recommendations include, “Creation of a loan contract registry to remove information asymmetries between buyers and sellers, its ownership structure and related protocols such as standardisation of loan information, independent validation and data access,” as stated in the report. The task force has also proposed amendments in regulations of SEBI, IRDA and PFRDA to boost the participation of non-banking entities such as mutual funds, insurance companies and pension funds.